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Stocks · Industrials · Trucking (No Local)

WERNER ENTERPRISES INC

WERN Clue Score34
United States Fiscal year ends December CIK 0000793074
$32.70 -0.91% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $32.70 −22.40% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,009.0Operating income126.1Net income79.1EPS, diluted1.09Fiscal year 2017Revenue2,116.7 +5.4%Operating income143.8Net income202.9 +156.4%EPS, diluted2.80 +156.9%Fiscal year 2018Revenue2,457.9 +16.1%Operating income224.2Net income168.1 −17.1%EPS, diluted2.33 −16.8%Fiscal year 2019Revenue2,463.7 +0.2%Operating income225.5Net income166.9 −0.7%EPS, diluted2.38 +2.1%Fiscal year 2020Revenue2,372.2 −3.7%Operating income227.4Net income169.1 +1.3%EPS, diluted2.44 +2.5%Fiscal year 2021Revenue2,734.4 +15.3%Operating income309.1Net income259.1 +53.2%EPS, diluted3.82 +56.6%Fiscal year 2022Revenue3,217.0 +17.6%Operating income323.1Net income241.3 −6.9%EPS, diluted3.74 −2.1%Fiscal year 2023Revenue3,203.6 −0.4%Operating income176.4Net income112.4 −53.4%EPS, diluted1.76 −52.9%Fiscal year 2024Revenue2,955.2 −7.8%Operating income66.1Net income34.2 −69.5%EPS, diluted0.55 −68.8%Fiscal year 2025Revenue2,899.5 −1.9%Operating income11.7Net income−14.4 −142.1%EPS, diluted−0.24 −143.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,009.0 2,116.7 2,457.9 2,463.7 2,372.2 2,734.4 3,217.0 3,203.6 2,955.2 2,899.5
Growth +5.4% +16.1% +0.2% −3.7% +15.3% +17.6% −0.4% −7.8% −1.9%
Operating income 126.1 143.8 224.2 225.5 227.4 309.1 323.1 176.4 66.1 11.7
Net income 79.1 202.9 168.1 166.9 169.1 259.1 241.3 112.4 34.2 −14.4
Growth +156.4% −17.1% −0.7% +1.3% +53.2% −6.9% −53.4% −69.5% −142.1%
EPS, diluted 1.09 2.80 2.33 2.38 2.44 3.82 3.74 1.76 0.55 −0.24
Growth +156.9% −16.8% +2.1% +2.5% +56.6% −2.1% −52.9% −68.8% −143.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin6.3%Net margin3.9%Free cash flow margin−11.4%Fiscal year 2017Operating margin6.8%Net margin9.6%Free cash flow margin−1.6%Fiscal year 2018Operating margin9.1%Net margin6.8%Free cash flow margin−4.1%Fiscal year 2019Operating margin9.2%Net margin6.8%Free cash flow margin0.2%Fiscal year 2020Operating margin9.6%Net margin7.1%Free cash flow margin1.4%Fiscal year 2021Operating margin11.3%Net margin9.5%Free cash flow margin−1.4%Fiscal year 2022Operating margin10.0%Net margin7.5%Free cash flow margin−1.8%Fiscal year 2023Operating margin5.5%Net margin3.5%Free cash flow margin−3.9%Fiscal year 2024Operating margin2.2%Net margin1.2%Free cash flow margin−2.8%Fiscal year 2025Operating margin0.4%Net margin−0.5%Free cash flow margin−2.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 6.3% 6.8% 9.1% 9.2% 9.6% 11.3% 10.0% 5.5% 2.2% 0.4%
Net margin 3.9% 9.6% 6.8% 6.8% 7.1% 9.5% 7.5% 3.5% 1.2% −0.5%
Free cash flow margin −11.4% −1.6% −4.1% 0.2% 1.4% −1.4% −1.8% −3.9% −2.8% −2.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow309.7Capital expenditure−537.8Free cash flow−228.2Buybacks0.0Dividends paid−17.3Fiscal year 2017Operating cash flow282.8Capital expenditure−316.3Free cash flow−33.5Buybacks0.0Dividends paid−18.8Fiscal year 2018Operating cash flow418.2Capital expenditure−519.9Free cash flow−101.7Buybacks−72.2Dividends paid−23.0Fiscal year 2019Operating cash flow426.6Capital expenditure−420.7Free cash flow5.9Buybacks−42.3Dividends paid−286.2Fiscal year 2020Operating cash flow445.9Capital expenditure−413.1Free cash flow32.8 +457.1%Buybacks−56.5Dividends paid−24.9Fiscal year 2021Operating cash flow332.8Capital expenditure−370.9Free cash flow−38.0 −215.8%Buybacks−104.4Dividends paid−29.1Fiscal year 2022Operating cash flow448.7Capital expenditure−507.3Free cash flow−58.5Buybacks−110.4Dividends paid−32.2Fiscal year 2023Operating cash flow474.4Capital expenditure−598.8Free cash flow−124.4Buybacks0.0Dividends paid−34.2Fiscal year 2024Operating cash flow329.7Capital expenditure−413.8Free cash flow−84.1Buybacks−67.1Dividends paid−35.1Fiscal year 2025Operating cash flow181.8Capital expenditure−250.4Free cash flow−68.5Buybacks−55.6Dividends paid−34.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 309.7 282.8 418.2 426.6 445.9 332.8 448.7 474.4 329.7 181.8
Capital expenditure −537.8 −316.3 −519.9 −420.7 −413.1 −370.9 −507.3 −598.8 −413.8 −250.4
Free cash flow −228.2 −33.5 −101.7 5.9 32.8 −38.0 −58.5 −124.4 −84.1 −68.5
Growth +457.1% −215.8%
Buybacks 0.0 0.0 −72.2 −42.3 −56.5 −104.4 −110.4 0.0 −67.1 −55.6
Dividends paid −17.3 −18.8 −23.0 −286.2 −24.9 −29.1 −32.2 −34.2 −35.1 −34.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash17.0Shareholders’ equity994.8Fiscal year 2017Cash13.6Shareholders’ equity1,184.8Fiscal year 2018Cash33.9Shareholders’ equity1,264.8Fiscal year 2019Cash26.4Shareholders’ equity1,111.0Fiscal year 2020Cash29.3Total debt200.0Net cash (debt)−170.7Shareholders’ equity1,195.0Debt to equity0.17Fiscal year 2021Cash54.2Total debt427.5Net cash (debt)−373.3Shareholders’ equity1,327.6Debt to equity0.32Fiscal year 2022Cash107.2Total debt693.8Net cash (debt)−586.5Shareholders’ equity1,443.6Debt to equity0.48Fiscal year 2023Cash61.7Total debt648.8Net cash (debt)−587.0Shareholders’ equity1,528.3Debt to equity0.42Fiscal year 2024Cash40.8Total debt650.0Net cash (debt)−609.2Shareholders’ equity1,455.9Debt to equity0.45Fiscal year 2025Cash59.9Total debt752.0Net cash (debt)−692.1Shareholders’ equity1,362.9Debt to equity0.55
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 17.0 13.6 33.9 26.4 29.3 54.2 107.2 61.7 40.8 59.9
Total debt n/a n/a n/a n/a 200.0 427.5 693.8 648.8 650.0 752.0
Net cash (debt) n/a n/a n/a n/a −170.7 −373.3 −586.5 −587.0 −609.2 −692.1
Shareholders’ equity 994.8 1,184.8 1,264.8 1,111.0 1,195.0 1,327.6 1,443.6 1,528.3 1,455.9 1,362.9
Debt to equity n/a n/a n/a n/a 0.17 0.32 0.48 0.42 0.45 0.55

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2,009.0 2,116.7 2,457.9 2,463.7 2,372.2 2,734.4 3,217.0 3,203.6 2,955.2 2,899.5
Growth +5.4% +16.1% +0.2% −3.7% +15.3% +17.6% −0.4% −7.8% −1.9%
126.1 143.8 224.2 225.5 227.4 309.1 323.1 176.4 66.1 11.7
Growth +14.1% +55.9% +0.6% +0.9% +35.9% +4.5% −45.4% −62.5% −82.4%
127.5 144.6 223.9 221.9 224.7 346.0 324.8 147.8 42.5 −20.8
48.3 −58.3 55.7 55.0 55.6 84.5 79.2 35.5 8.9 2.2
79.1 202.9 168.1 166.9 169.1 259.1 241.3 112.4 34.2 −14.4
Growth +156.4% −17.1% −0.7% +1.3% +53.2% −6.9% −53.4% −69.5% −142.1%
Per share
1.10 2.81 2.35 2.40 2.45 3.84 3.76 1.77 0.55 −0.24
1.09 2.80 2.33 2.38 2.44 3.82 3.74 1.76 0.55 −0.24
Growth +156.9% −16.8% +2.1% +2.5% +56.6% −2.1% −52.9% −68.8% −143.6%
72.1 72.3 71.7 69.6 69.0 67.4 64.1 63.4 62.5 60.6
72.4 72.6 72.1 70.0 69.4 67.9 64.6 63.7 62.7 60.6
Growth +0.2% −0.7% −2.8% −0.9% −2.3% −4.8% −1.3% −1.7% −3.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.1% a year over five years.
  • The diluted share count fell 12.7% in five years, so buybacks did some of the work per share.
  • Operating margin is down 9.2 points on five years ago, at 0.4%.
  • A net loss in 1 of 10 years on file.